It's tough to answer your question without knowing what the addendum you were asked to sign was regarding. If it was something that could have or should have been in the original offer but was either missed or perhaps discovered to be needed after the fact - then it's most likely not a big deal to add a "clarification" addendum to the contract. However, I at least would need to know more data before I could give you an opinion as to whether or not the addendum you were asked to sign is "normal".
Best of luck - short sales are a great opportunity but like "most" opportunities they have their challenges - like waiting for an answer.
Absent having a Form 22SS the buyer would need to do their inspection immediately after mutual acceptance, and a number of other things wouldn't fall into place (e.g. the closing date). Too bad the buyer didn't come back with more explanation.
There is alot of waiting and no communication sometimes with Short Sales.
Is this addendum a 90SS form? A 90SS is your written acceptance of an offer from the bank.
It depends on what the addendum says. If it is a 22SS, a NWMLS form it will indicate the amount of time you are willing to be committed to the purchase and whether other offers can be presented to the lenders (among other things) and this should have been part of the original offer if you knew it was a short sale.
If it is another form, read it and decide if the conditions requested are acceptable to you or not.
Are you using your own agent, or the listing agent. Our job in representing you is to provide some understanding of the forms and processes involved. A short sale is one of the more conplicated transactions most agents will deal with. There is a lot to learn and understand. Best of luck.
Melissa Yardy RE/MAX Preferred Broker Owner CDPR
If you have no problem with the Addendum, go ahead and sign it, as it is part of the Contract: If the Contract is not signed, then the Addendum is meaningless.
And. NO, this is not usual.
You've got to be patient with a Shortsale and it may come to you. This is a good sign.
Good luck and may God bless you